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What caused the currency price to move?
Membro Desde Nov 29, 2013
3 postagens
Jan 14, 2014 at 08:10
Membro Desde Nov 29, 2013
3 postagens
Hello,
I found that some time when there is no economic data are released for a currency pair, the price of that pair still move quite a lot and quite volatile.
Some time, even when there is economic data are released, the price of the currency pair move in opposite direction or just did not move, it seem like there is some other factors that are affecting the movement of a currency.
Anybody here can list down any possible factors that may affecting the price of a currency?
Thanks.
I found that some time when there is no economic data are released for a currency pair, the price of that pair still move quite a lot and quite volatile.
Some time, even when there is economic data are released, the price of the currency pair move in opposite direction or just did not move, it seem like there is some other factors that are affecting the movement of a currency.
Anybody here can list down any possible factors that may affecting the price of a currency?
Thanks.
Membro Desde Nov 29, 2013
3 postagens
forex_trader_166072
Membro Desde Dec 04, 2013
5 postagens
Jan 23, 2014 at 14:45
Membro Desde Dec 04, 2013
5 postagens
A lot things may cause FX price to move. For example, cross-border acquisition, oversea asset purchasing, import and export trading, etc. This happens in banks, who provide foreign currencies to you.
Membro Desde Oct 03, 2013
39 postagens
Jan 23, 2014 at 15:09
Membro Desde Oct 03, 2013
39 postagens
FX pairs can move for whatever comes to your mind. War, peace, oil prices, inflation, M&A, bonds, equities rally and what not. For example, you could have somebody buying bonds of another country, converting money, while this would not necessarily pass through the spot FX, it will affect the FX market too.
Membro Desde Feb 22, 2011
4862 postagens
Jan 23, 2014 at 15:53
Membro Desde Feb 22, 2011
4862 postagens
masonlee posted:
Hello,
I found that some time when there is no economic data are released for a currency pair, the price of that pair still move quite a lot and quite volatile.
Some time, even when there is economic data are released, the price of the currency pair move in opposite direction or just did not move, it seem like there is some other factors that are affecting the movement of a currency.
Anybody here can list down any possible factors that may affecting the price of a currency?
Thanks.
The answer is: traders
Membro Desde Mar 29, 2012
192 postagens
Jan 23, 2014 at 17:20
Membro Desde Mar 29, 2012
192 postagens
togr posted:masonlee posted:
Hello,
I found that some time when there is no economic data are released for a currency pair, the price of that pair still move quite a lot and quite volatile.
Some time, even when there is economic data are released, the price of the currency pair move in opposite direction or just did not move, it seem like there is some other factors that are affecting the movement of a currency.
Anybody here can list down any possible factors that may affecting the price of a currency?
Thanks.
The answer is: traders
The answer includes traders but is not only traders.
@ZOOM is entirely right. Everyone affects the market. Some huge hedge fund might dumb their CHF and make the market crash for a second...this is purely the law of offer and demand.
You have to understand that forex is gigantic. Even you when you go visiting Paris and pay with your US credit card for a ticket to go on top of the eiffel tower you are doing FX. Now scale it to an industrial level and think about all these companies that buy and sell constantly everywhere in the world.
A smooth sea never made a skillful sailor.
Membro Desde Nov 21, 2011
1718 postagens
Jan 23, 2014 at 17:39
Membro Desde Nov 21, 2011
1718 postagens
I have also notice once that it was raining cats and dogs... so suddenly eurusd goes down.
I think the sun can have some impact too 😉
I think the sun can have some impact too 😉
Membro Desde Oct 24, 2013
268 postagens
Jan 25, 2014 at 13:33
Membro Desde Oct 24, 2013
268 postagens
CrazyTrader posted:
I have also notice once that it was raining cats and dogs... so suddenly eurusd goes down.
I think the sun can have some impact too 😉
Here in Australia I have noticed an increase in volatility and volume at night so I firmly believe it's Not the sun but the MOON that causes high and low tides and sucks the money from one side of the planet to the other. 😲
You can't spend open trades.
Membro Desde Nov 29, 2013
3 postagens
Feb 11, 2014 at 08:31
Membro Desde Nov 29, 2013
3 postagens
Thanks for the comments.😄
I have learned a lot from all of you.
I am curious whether USD will slide sharply when Mr. Obama late to the office for 10 minutes.😉
I have learned a lot from all of you.
I am curious whether USD will slide sharply when Mr. Obama late to the office for 10 minutes.😉
Membro Desde Jan 16, 2014
416 postagens
Feb 11, 2014 at 10:06
Membro Desde Jan 16, 2014
416 postagens
1) Speculations of hedge funds, banks and institutional traders.
2) Political decisions.
3) War
4) Fundamental news (Non Farm Payrolls, PMI, CPI etc..)
...and of course Warren Buffet and George Soros :)
2) Political decisions.
3) War
4) Fundamental news (Non Farm Payrolls, PMI, CPI etc..)
...and of course Warren Buffet and George Soros :)
Membro Desde Aug 02, 2011
38 postagens
Feb 11, 2014 at 20:19
Membro Desde Aug 02, 2011
38 postagens
togr posted:masonlee posted:
Hello,
I found that some time when there is no economic data are released for a currency pair, the price of that pair still move quite a lot and quite volatile.
Some time, even when there is economic data are released, the price of the currency pair move in opposite direction or just did not move, it seem like there is some other factors that are affecting the movement of a currency.
Anybody here can list down any possible factors that may affecting the price of a currency?
Thanks.
The answer is: traders
Best answer. So the follow up should be: Why people trade currencies?
Wait for it
Membro Desde Oct 03, 2013
39 postagens
Feb 12, 2014 at 10:31
Membro Desde Oct 03, 2013
39 postagens
Again, for whatever reason you can think of. Buying pineapples from Mozambique, for example, will make you trade currencies.
forex_trader_136673
Membro Desde Jun 28, 2013
852 postagens
Feb 12, 2014 at 21:48
Membro Desde Jun 28, 2013
852 postagens
Silverthorn posted:
Here in Australia I have noticed an increase in volatility and volume at night so I firmly believe it's Not the sun but the MOON that causes high and low tides and sucks the money from one side of the planet to the other. 😲
Funniest thing I read in a long time. You just made my day. Thanks
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